It’s Been A Blast (Off)

I recently wrote up a public post showing what we have been invested in as far as Gold, Miners, Energy, and Commodity Stocks. With careful analysis, we have been able to catch blast off after blast off   in a variety of sectors. These runs do not last forever.  They run up, then consolidate those gains, and if conditions remain bullish,  they  can enjoy another run higher. Lets review how we’ve been doing that.

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I did call these lows in the General market notice that we did get the expected run higher. I then pointed out in MARCH a bearish rising wedge, so caution was warranted.  A drop was expected.

In todays premium report I showed that  Yesterday we saw a reversal and the sideways action has ‘repaired’ that Bear Wedge.  It now could be a channel, and the markets can resume their up-leg.

 IBB  APRIL 11 – I am not worried about the pullback. It was expected. I expect a run higher.

NATGAS – Another sector that remains healthy with support at the 50sma so far.

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I have been all over OIL & ENERGY,  as shown in prior Public Posts. You can also check my thoughts there if you are new here.

XLE MARCH 15 – NOTE : XLE had this bullish set up as it was at $61. SO-  A BREAK OF ABOUT 62 or 63 would be bullish.  $64 is resistance, but likely will give way since OIL is bullish.

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XLE – The XLE is above $64 today.  This was my chart from last night. It looks like it wants to run to $68, stochastics is neutral.  USING THE ABOVE CHART OF AN INVERSE H&S  IN CONJUNCTION WITH THIS CHART, ENERGY REMAINS BULLISH. 

SO I’VE BEEN BULLISH ON ENERGY, COMMODITIES AND GOLD & MINERS

In prior reports I showed that we have owned CLF, VALE, SID, and other commodities out of the lows.  They  then consolidated, and I again became bullish as they set up again. This was CLF at $2.94, but I had been pushing it for weeks. Entry was also above and below $2.50 this time.

CLF today.  80% Gains.  Even if you bought 4 days ago at $2.75, and sold at $4.25 today, that’s 55% gains. A $1000 investment became $1550.   a $3000 investment became $4650.   My membership is $37/month 🙂

We are trading ENERGY STOCKS too. There have been some absolutely EXPLOSIVE set ups here.

LGCY-  APRIL 1. This was my recent buy area – lets say 90 cents or $1.00.

LGCY 2 weeks later –  It is prudent to take THOSE kinds of gains right?  Again, a $1000 trade became $1500 in no time. Well in todays premium report,  I did a write up on when to sell.  I think it is different for everyone.  Read on…

Honestly,  everyone here has there own trading style and goals.  Some go in heavy and scalp portions as the stock rises  ( I do that often, keeping some skin in the game in case it runs higher). Others try to enter low risk and sell every POP that is 10% or more, locking in gains immediately and escaping volatility.  Others have other trading plans that may include BUY & HOLD.  I usually tell readers where to enter and put a stop, and use your experience, goals, etc to dictate your sell point.  This is why…

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I also posted this chart of  LGCY last week  when LGCY was $1.10.    

My  goal is that as long as ENERGY is recovering and remains bullish,  I will take my chances on some set ups.  I may jump in and take a good amount back out, but ride some positions. IF  YOU bought 3,000 shares at $1.00 last week ( $3000.00 cost),  It is at $1.43 now,  that $4290.   And wouldn’t you be happy if you kept 1/2 and it then ran to $4 by the summer?  1500 shares x$4 = $6000.

There is also the Fundamental aspect.  Are ENERGY STOCKS really  ‘BUY & HOLD’ when some have such high debt?  Could they go bankrupt?  Yes, some might,  but if OIL moves back to the $75 area in time, some of these companies can  work things out.  

So are you a trader – just trying to Scalp quick gains? We can easily do that when the conditions favor upside.  We should  also see some great buy & hold types of trades if OIL, The CRB, and Precious Metals bear markets are over.

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 Longer term BUY & HOLD?  This was a bullish Pinch, that we rode as a consolidation triangle.

CLF WKLY as of yesterday – Thats $1.20 to $4.45 since January.  BUMPY RIDE, but wow.  I have been  keeping an eye on the Big Pictures as well as the short term trading.

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Eventually a BUY & HOLD?  Time will tell, but look at the potential  IF you’ve been paying attention.  That is what I’ve been doing here at Chartfreak.

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Even many Miners that broke free from the lows are looking like a recovery story.  I have written Public Posts about that in the past.  That will be monitored going forward too.

For example  MUX :   It never really dropped, it flagged sideways and broke out higher again.

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I said that we have been trading / recommending set ups in Energy.  Let me walk you through some of my ENERGY charts.

ERF March 1 –  By as it breaks above the 50sma at $3.00

ERF-  If you missed it, but this break the next day at $3.28

ERF –  Last Thursday morning , Buy recommendation after consolidating into this bullish wedge at $3.90.

Yesterday and today it hit $5.   (  $3.00 to $5.00, not bad).

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And here are a couple of recent set ups that may have more upside.

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HK –  Yesterday I posted a buy at $1.10 in my chat area of the premium side.

Better view-  good set up so far and today it actually is at $1.18 now .  This could easily test the High volume march highs, a 50% move.  ( Due diligence on ENERGY STOCKS. Know when the earnings are due to come out. Any bad news can spook investors)

I recommended OAS in this area $6.50 back test are to $7 a month ago.  This again is how consolidations can take a while, but become rewarding. 

It ran to $8+, pulled back, and looks ready to go  ( $9 now).  As pointed out in a past report, I like OAS longer term too.  ( EDIT:  OAS is down a bit today.  Buying Opp?).

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So that’s what has been going on at Chartfreak.  Certainly members have done well over time in 2016, and many experienced as well as new traders have been saying that their trading has been helped, and thier accounts are up a lot . Why not give us a try?

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To Sign up here, click and scroll down

  Thanks for reading along! 

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~ALEX

P.S.